Gyeonggi Province has designated 0.03 k㎡ of Yatap-dong, Bundang-gu, Seongnam-si as a land transaction permit area from the 23rd to December 22, 2026, in line with the plan to push for the Housing Supply Project to Support Migration of the First New Town in Seongnam City."The
provincial government held a deliberation meeting of the Gyeonggi Provincial Urban Planning Committee on the 6th to decide on the designation of a land transaction permit zone and announced it on its website today (18th) to facilitate housing supply projects and prevent real estate speculation.
If you want to trade land in excess of the standard area (60㎡ in residential area and 200㎡ in green area) in the area, you must sign a sales contract after obtaining permission from Seongnam Mayor.
If you sign a contract without permission or get permission by fraudulent means, you will be sentenced to up to two years in prison or fined up to 20 million won.
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